Firms Culling Clients as Staffing Woes Persist
Others tap outsourcing, training clerical staff as solutions.
By CPA Trendlines Research
STAFFING & RECRUITING
Compensation’s Up, but Up Enough to Retain Staff?
People are leaving the profession. More money is one solution.
By CPA Trendlines Research
Tax & Accounting Profession Keeps Growing
More workers, with some making quite a bit more money.
By Beth Bellor
CPA Trendlines Research
Why Would Anyone Become a CPA?
The competition between CPAs and non-CPAs is about to get more aggressive.
With Steven Sacks
Accounting Hiring Hits Another High
Tax prep is less than half the increase.
By Beth Bellor
CPA Trendlines Research
Is the accounting profession closing its staffing gap?
It sure seems that way, as employment hit an all-time high in January. Women fared well, too, reaching record levels in the field overall and in payroll services.
MORE: Staff Wages Hit Record High | Despite Staffing Crunch, Firms Freeze Pay Raises | Tax & Accounting Firms Grow for 9th Straight Month | Tax & Accounting Profession Grows, but Wages Don’t | Tax and Accounting Pay Advancing at 5.9% Pace | Accounting Jobs Up 4% for Year
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Nationally, unemployment held at 3.7 percent as total nonfarm payroll employment increased 353,000, according to the latest data available to CPA Trendlines Research. Of those new hires, 74,000 came in professional and business services, well above 2023’s monthly average of 14,000.
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It’s Time to Prepare the Next Generation
They’ll learn from someone. Shouldn’t it be you?
By Martin Bissett
Business Development On a Budget
If you are a partner in your firm, you may already have asked yourself the all-important question: how can I successfully retire and have someone else take over the firm?
MORE: Walk the Commitment Walk | Don’t Let Recurring Fees Kill Your Practice | Rate Your Personal Purpose | Six Keys to Getting a Proposal Accepted | Tell the World Your Worth | Four Surprising Keys to Communication | 10 Can’t-Skip Steps for Business Development | Attract Clients, Don’t Chase Them | Success in Business Comes Second | Business Won’t Come to You | Forged in Fire: The Pains of Leadership | 10 Questions for Reconsidering Your Prices
The partner who has a satisfactory answer to that question is the one who is committed not only to developing business and building the firm on a regular basis, but also to developing and preparing the next generation of professionals in the firm.
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Walk the Commitment Walk
Five ways to show it.
By Martin Bissett
Passport to Partnership
There’s no doubt that consistent commitment is not as widely practiced as current partners of accounting firms might like to think.
MORE: Don’t Let Recurring Fees Kill Your Practice | Who Are You More Committed to, Your Firm or Your Clients? | Nine Checkpoints Before Every Prospect Meeting | Three Questions about Conversion | Six Keys to Turning Prospects into Clients | Don’t Overlook Internal Communication | Four Reasons People Struggle with Communication | Why Firm Culture Matters for Partners
Business success is built on a dedicated team with a shared vision giving their all for the realization of that vision and the development of the next one.
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Accounting Jobs Back On the Rise
Tax prep is an exception.
By Beth Bellor
The accounting profession has regained some ground in the most recent jobs data available to CPA Trendlines Research. There are 1,162,100 people employed in the field, up 4,400 or 0.4 percent for the month and 30,400 or 2.7 percent for the year. The figure is just 1,200 shy of the record set in July.
MORE: Staff Wages Hit Record High | Despite Staffing Crunch, Firms Freeze Pay Raises | Tax & Accounting Firms Grow for 9th Straight Month | Tax & Accounting Profession Grows, but Wages Don’t | Tax and Accounting Pay Advancing at 5.9% Pace | Accounting Jobs Up 4% for Year
Nationally, overall employment – total nonfarm payroll – increased by 216,000 the same month, pegging unemployment at 3.7 percent. Professional and business services added 13,000.
Accountants are putting in 36.2 hours weekly – the highest mark since October 2022 – up half an hour or 1.4 percent for the month and 12 minutes or 0.6 percent for the year.
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